Submitted by CARPE DIEM

According to today’s Federal Reserve release, industrial production grew in March at annual rate of 1.6% compared to the same month last year. Industrial production growth in March was higher than expected, and suggests that the U.S. economy is not in recession (see chart above showing industrial production growth in the last two recessions).

From

First Trust Advisors: :”Industrial production surprised to the upside in March, undermining the theory the US is in recession. In the past six recessions – periods accumulating to about 5½ years – industrial output has only increased in six of those months. In the 2001 recession, industrial output did not climb even once.”

Bloomberg story here.

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